New! Tesla SEC FOIA Response to The Wall Street Journal: plainsite.org/documents/2cga… $TSLA
In which the centi-billionaire CEO wishes to bully the federal government personally.
The SEC specifically identified $TSLA lawyer Yun Huh as "Securities Counsel/Disclosure Counsel," making him a prime candidate for the official Twitter Sitter, at least at the point in time the letter was written on May 8, 2020.
Confirmed. Yun Huh was the $TSLA Twitter Sitter as of May 8, 2020.
"Unanimous" here means that these three stooges voted the same way. $TSLA
This is the SEC's way of telling star attorney Alex Spiro that he is a stupid clown and he is getting on their nerves. $TSLA
These letters from the SEC to $TSLA and Musk show near-infinite patience by the Commission's Enforcement Division—patience that would virtually never be extended to any other company or individual. It will help in court if and when explaining to Judge Nathan why they're back.
A few words in one of the SEC's letters to $TSLA highlight a big problem lurking underneath all of this: legal representation. It's complicated. As the SEC points out, the company and its CEO have separate legal obligations, have separate consent decrees, and separate cases.
And yet! In Musk's litigation with Randeep Hothi, Attorney Alex Spiro represents Musk. But before the SEC, Spiro represents $TSLA; Hueston represents Musk. But a Tesla attorney is Musk's Twitter Sitter. In Greenspan v. Qazi et al, John Dwyer represents *both* Tesla and Musk.
The underlying assumption is that Elon Musk's interests will always align with the company's. The underlying assumption there is that the company will never get in trouble for anything Elon Musk does.
That's starting to look like a really bad assumption.
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